The United Arab Emirates' main market regulator approved new regulations to allow short-selling and lending borrowing of listed securities on Wednesday, in a move aimed at reviving the Gulf Arab state's moribund equity
markets.
The Securities and Commodities Authority said the new regulations, which include provisions for market-makers to participate in the country's financial markets, will enhance liquidity in the stock markets which have struggled to gain momentum after the 2008 global financial crisis.
In November 2011, the regulator published draft rules on short-selling and borrowing.
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